Latest news with #GlobalXUraniumETF
Associated Press
01-08-2025
- Business
- Associated Press
NANO Nuclear Selected for Inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, Qualifying It for Inclusion in the Prominent Global X Uranium ETF ("URA")
With over $4 billion in net assets, the Global X Uranium ETF is the world's preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components New York, New York--(Newsfile Corp. - August 1, 2025) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ('NANO Nuclear' or 'the Company'), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has been selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, following the Index's semiannual review and subsequent rebalancing. Effective as of August 1, 2025, NANO Nuclear's common stock will be included in the Solactive Global Uranium & Nuclear Components Total Return Index, an Index of Solactive AG which tracks the price movements in shares of companies that have (or are expected to have) exposure to the uranium industry. This particularly includes uranium mining, exploration, uranium investments and technologies (such as NANO Nuclear's micro modular nuclear reactors under development) related to the uranium industry. The Solactive Global Uranium & Nuclear Components Total Return Index serves as a benchmark for exchange-traded funds (or ETFs) and other investment products, with NANO Nuclear's inclusion reflecting its growing presence in the global nuclear energy and uranium supply chain. As a result of this addition, NANO Nuclear's common stock now qualifies for inclusion in the prominent Global X Uranium ETF (ticker 'URA'), with approximately $4 billion in net assets, which passively tracks the Solactive Global Uranium & Nuclear Components Total Return Index. Notably, the Global X Uranium ETF is the world's preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components. [ This image cannot be displayed. Please visit the source: ] Figure 1 - NANO Nuclear Energy Inc. Selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying it for inclusion in the prominent Global X Uranium ETF ('URA') To view an enhanced version of this graphic, please visit: 'Our team has executed well on our stated strategic priorities, strengthening our market position and building collaborations that support our long-term growth and valuation,' said Jay Yu, Founder and Chairman of NANO Nuclear. 'Inclusion in Solactive's Global Uranium & Nuclear Components Total Return Index and the Global X Uranium ETF marks these achievements and is another positive step in our trajectory, highlighting our expanding role in the global nuclear energy industry. It is a testament to the hard work being done by our team to steadily grow our company, advance our technologies, and deliver value to our shareholders both now and in the future.' 'This is an important milestone for NANO Nuclear, and we are proud to be included in Solactive's coverage of the nuclear and uranium industry,' said James Walker, Chief Executive Officer of NANO Nuclear. 'We continue to take proactive steps to advance NANO Nuclear's various development programs and initiatives and create shareholder value. This inclusion increases our visibility in the public markets and connects us with investors who are interested in this growing sector. We look forward to leveraging this exposure as we continue to grow and progress our business plans.' About NANO Nuclear Energy, Inc. NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include patented KRONOS MMR ™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), 'ZEUS', a solid core battery reactor, and 'ODIN', a low-pressure coolant reactor, and the space focused, portable LOKI MMR ™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR ™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. For more corporate information, please visit: For further NANO Nuclear information, please contact: Email: [email protected] Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy X PLATFORM Cautionary Note Regarding Forward-Looking Statements This news release and statements of NANO Nuclear's management in connection with this news release contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits of NANO Nuclear's inclusion in the index and ETF described herein and its plans and goals generally. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ('DOE') or related state or non-U.S. nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at and at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. To view the source version of this press release, please visit
Yahoo
20-06-2025
- Business
- Yahoo
Uranium ETF (URA) Hits New 52-Week High
For investors seeking momentum, Global X Uranium ETF URA is probably on radar. The fund just hit a 52-week high and is up 101.54% from its 52-week low price of $19.50/share. But are more gains in store for this ETF? Let's take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: The underlying Solactive Global Uranium & Nuclear Components Total Return Index seeks to track the price movements in shares of companies that are active in the uranium industry. The fund has major allocations to Canada (38.2%) and the United States (20.8%). The product charges 69 bps in annual fees (See: all Energy ETFs here). As the demand for AI soars and clean energy needs grow, tech giants are turning to nuclear power to meet their energy demands. The growing interest in nuclear energy and increasing AI-driven data centers are expected to boost the demand for uranium. Trump's executive orders and energy deals are also in favor of uranium. URA might continue its strong performance in the near term, with a positive weighted alpha of 47.25 (as of which gives cues of a further rally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global X Uranium ETF (URA): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Uranium ETFs Surge on New Meta, Constellation AI Deal
Uranium and nuclear ETFs jumped after Meta Platforms Inc. (META) agreed to buy nuclear power for 20 years from a Constellation Energy Corp. (CEG) reactor in Illinois that had been slated to close, as soaring artificial intelligence use forces companies to find fresh electricity supply. The biggest U.S. uranium exchange-traded fund, the $3.2 billion Global X Uranium ETF (URA), added 3% in early afternoon trading. The $255.2 million Range Nuclear Renaissance Index ETF (NUKZ), with its top holding being a 9.3% allocation to Constellation, added 0.9%. Today's gains add to this year's surge in uranium and nuclear exchange-traded funds, which have been jumping on AI-stoked energy demand and as President Donald Trump takes steps to dismantle nuclear power industry regulations. URA's 19% gain this year beats the 1.4% increase in the Vanguard S&P 500 ETF (VOO). URA had jumped 12% on May 23 after Trump signed an executive order making approvals for new reactors easier as well as opening federal lands to nuclear power plant construction and providing for more robust uranium supply lines. Trump, in his first day in office, declared an energy emergency. The Meta pact follows a similar agreement Microsoft Corp. (MSFT) signed with Constellation this past autumn that would restart the Three Mile Island reactor, as Microsoft's artificial intelligence ambitions consume massive amounts of electricity. 'Securing clean, reliable energy is necessary to continue advancing our AI ambitions,' Meta's head of global energy Urvi Parekh said in a statement regarding the pact to buy energy from the Clinton Clean Energy Center. Uranium & Nuclear ETF Gains—Source: Factset AI inquiries on tools like ChatGPT use more energy than traditional search, forcing companies to scour the globe for new energy sources. The International Energy Agency last year said that by 2026, the AI industry will be using 10 times the amount of energy it used in 2023. Other uranium ETFs jumping today include a 5.3% gain in the second-largest uranium ETF, the $1.5 billion Sprott Uranium Miners ETF (URNM), a 7.4% jump in the Sprott Junior Uranium Miners ETF (URNJ) and 2.3% rise in the VanEck Uranium+Nuclear Energy ETF (NLR). Permalink | © Copyright 2025 All rights reserved
Mint
03-06-2025
- Business
- Mint
Why Trump's nuclear plans have so far failed to boost uranium prices
Plans for a U.S. nuclear-power revival have excited uranium investors, stoking demand for shares in companies that produce the fuel. Yet the price miners get in the spot market for the uranium they sell has barely reacted. The spot price for U3O8, a lightly processed concentrate known as yellowcake, this week shed some of the small gains it made a week ago after President Trump signed executive orders on May 23, aimed at quadrupling nuclear-power capacity in the next 25 years. The commodity's price rose to $71.10 a pound on May 26 from $70.50 a pound in the week prior, according to UxC, a market-data firm that assesses uranium prices. This week, it is back at $70.90 a pound. The executive orders have so far had a short-lived impact on the uranium market, said Jonathan Hinze, president of UxC. 'People are waiting to see how these new policies might translate into new reactors and fuel demand, but that will take some time," he said. The industry has reasons for caution. Over the next few years, the market faces a persistent oversupply, according to analysts at Panmure Liberum. They project the average spot price will be back below $60 a pound in 2026. Miners have been ratcheting up production of uranium after the market emerged from a decadelong funk that followed the 2011 Fukushima disaster in Japan. This year, the industry—like many others—is also grappling with tariff uncertainty under the Trump administration, which has paralyzed U.S. utilities. While up from a March low of around $63 a pound, an 18-month nadir, uranium's spot price remains down 1.2% year to date, according to UxC. It traded above $100 a pound as recently as last year on supply disruptions. The spot market—while thinly traded and, consequently, volatile—can be an important indicator of sentiment in the otherwise opaque uranium industry. It is also a source of sales for miners to generate profits. Uranium doesn't trade on an open market like many other commodities. Instead, most uranium dug up by miners is sold under long-term contracts to customers that include U.S. power companies. That term price has sat around $80 a pound for most of this year. The spot trade makes up less than 20% of the market, and includes one-off deals between producers and power utilities as well as traders and funds that hold physical uranium. Recent spot-market sluggishness hasn't curbed excitement in the broader market, as expectations of a nuclear comeback rise. 'It's time for nuclear," Trump said at a signing ceremony at the White House last month. Investors bet on uranium mostly via the stocks of uranium companies or exchange-traded funds. The Global X Uranium ETF—which tracks a basket of companies involved in mining uranium and producing nuclear components—has gained roughly 12% versus its closing value the day before Trump signed the orders. Canadian miner Cameco, one of the world's top uranium producers, is up about 10% over the same period. Citi analyst Samuel Schubert sees reasons to believe the U.S. executive orders could stimulate uranium demand in the near term. 'These aren't just long-dated ambitions," Schubert said in a recent note. He highlighted Trump's order for the Energy Department to work with utilities to increase maximum power at which existing reactors can operate, among other actions. 'We think these executive orders could help reignite investor interest, in particular through uranium ETF demand," added Morgan Stanley analysts in their own note. That could support future spot purchases, given that some physical ETFs buy uranium from the market, they said. Still, the time it takes to develop nuclear capacity means there is likely to be a limited immediate impact on uranium demand more broadly, Morgan Stanley analysts said. The Panmure Liberum analysts said nuclear plans—not just in the U.S., but in Indonesia, Germany, and Belgium, too—could result in prices higher than they currently forecast, but not likely until at least 2027. 'At this very early stage, the uranium market has no useful data to work with yet on the scale/duration of reactor capacity growth in Indonesia-U.S.-Germany-Belgium," the analysts said. Even China, known for its speedy construction, takes between five and 10 years to design, approve, and build a reactor, they said. Write to Rhiannon Hoyle at
Yahoo
30-05-2025
- Business
- Yahoo
5 Sector ETFs That Beat the Market in May
Wall Street staged a solid comeback in May from early April lows, which were triggered by the "Liberation Day" tariffs. The S&P 500 experienced the fastest recovery since 1982, according to Bespoke Investment Group. Trade deal talks and solid tech earnings buoyed market sentiments. A resilient economy added to further strength. The rally has been broad-based. We have highlighted five top-performing ETFs from different industries that were the leaders over the past month. These are Global X Uranium ETF URA, VanEck Vectors Digital Transformation ETF DAPP, Sprott Nickel Miners ETF NIKL, Grayscale Bitcoin Adopters ETF BCOR and Generative AI & Technology ETF CHAT. After the initial shock of the tariffs, there were signs of de-escalation. This month, the United States temporarily slashed tariffs on Chinese goods from 145% to 30%, while China will lower its retaliatory duties on U.S. goods from 125% to 10%. The temporary reduction in rates will run for 90 Trump also postponed the implementation of a 50% tariff increase on all EU products, from June 1 to July 9. With this, the trade negotiations between the two countries have accelerated. The bouts of economic data supported the bullish sentiment. Consumer confidence in the economy improved in May after five straight months of declines. Inflation in April cooled to the lowest level since February 2021. The Consumer Price Index, which tracks a variety of costs throughout the economy, rose 2.3% year over year in April, down slightly from 2.4% in March. Meanwhile, the U.S. labor market remained resilient amid the tariff chaos. The economy added better-than-expected 177,000 jobs while the unemployment rate held steady at 4.2%, providing further assurance about the economy's health (read: Consumer Confidence Surges in May: ETFs to Gain). Total first-quarter earnings for the 477 S&P 500 members that have reported results are up 11.4% from the same period last year on 4.4% higher revenues, with 74.2% beating EPS estimates and 62.9% beating revenue estimates, per Zacks Earnings companies struggled to beat consensus estimates this reporting cycle. However, the technology sector results have been better than expected, with the earnings growth rates primarily in line with recent periods. Notably, the first-quarter revenue beat percentage is above the 5-year average. Uncertainty surrounding Trump's tariff plans continues to linger. While some tariffs were challenged in court, with rulings deeming them unlawful, an appeals court temporarily reinstated them. The legal back-and-forth has introduced volatility and uncertainty into the the rapid market recovery led to elevated valuations, with the S&P 500 trading at over 22 times 2025 earnings. Analysts caution that such levels may not be sustainable without continued positive dig into the details of the abovementioned ETFs:Global X Uranium ETF (URA) – Up 34.6%Global X Uranium ETF provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. It tracks the Solactive Global Uranium & Nuclear Components Total Return Index and holds 48 stocks in its basket. Canadian firms make up the largest allocation in the basket at 39.7% while the United States accounts for a 16.6% share. Global X Uranium ETF has amassed $3 billion in its asset base and charges 69 bps in annual fees. It trades in an average daily volume of 3.4 million shares (read: ETFs to Capitalize on Trump's Orders to Spur Nuclear Energy).VanEck Vectors Digital Transformation ETF (DAPP) – Up 26.9%VanEck Vectors Digital Transformation ETF aims to offer exposure to companies that are at the forefront of digital asset transformation, such as digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses or companies facilitating commerce with the use of digital assets. VanEck Vectors Digital Transformation ETF tracks the MVIS Global Digital Assets Equity Index and holds 23 securities in its basket. It charges 51 bps in annual fees and trades in an average daily volume of 613,000. DAPP has accumulated $182.4 million in its asset Nickel Miners ETF (NIKL) – Up 19.3%Sprott Nickel Miners ETF is the only U.S.-listed ETF focused on nickel mining companies, providing a critical material necessary to meet the rising global demand for batteries and energy storage, along with continuing demand for stainless steel. It tracks the Nasdaq Sprott Nickel Miners Index and holds 21 stocks in its basket. Sprott Nickel Miners ETF has amassed $9.9 million in its asset base and trades in an average daily volume of 40,000 shares. It charges 75 bps in annual Bitcoin Adopters ETF (BCOR) – Up 19.2%Grayscale Bitcoin Adopters ETF offers exposure to a global basket of publicly traded companies that have adopted Bitcoin as part of their corporate treasury. This theme focuses on the long-term growth of the corporate adoption of Bitcoin as a hedge against fiat inflation and a tool for corporate treasury diversification and risk management. Grayscale Bitcoin Adopters ETF has accumulated $3 million in its asset base since its inception in late April and charges 59 bps in annual fees (read: ETFs to Ride on New Wave of $111K Bitcoin Rally). Generative AI & Technology ETF (CHAT) – Up 19%Generative AI & Technology ETF is the world's first Generative AI ETF and is an actively managed ETF. It provides exposure to impactful technological innovations now and into the future and holds 38 stocks in its basket. Generative AI & Technology ETF has amassed $274.6 million in its asset base and trades in an average daily volume of 53,000 shares. It charges 75 bps in annual fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global X Uranium ETF (URA): ETF Research Reports VanEck Digital Transformation ETF (DAPP): ETF Research Reports Sprott Nickel Miners ETF (NIKL): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
